Litecoin recently hit 300$ per coin making it one of the most popular cryptocurrencies with a market cap of over $20Bn. While there are many exchanges where one can trade Bitcoin and Ripple, there are few options in India for Litecoin trading. We look at 4 secure exchanges where one can buy Litecoin (LTC) in India in INR.
Where to buy Litecoin (LTC) in India:
Coinome is a fully owned subsidiary of the company that owns BillDesk, one of India’s largest payment companies. Coinome supports Litecoin along with Bitcoin and Bitcoin Cash. While seller fees are at 0.1%, buyer fees are at 0.3%. The greatest advantage of Coinome is that Coinome offers instant e-KYC approval.
Koinex is a Mumbai based cryptocurrency exchange that offers Litecoin for buy and sell trades. For transactions under INR 25 lakhs, Koinex charges a seller fee of 0.2% and buyer fees of 0.25%. Until December 31, 2017, all seller fees are waived off.
CoinDelta charges a seller fee of 0% and a buyer fee of 0.3%. They also offer other currencies like BTC, ETH, and LTC for trade
BuyUcoin offers more than 30 currencies for trade including Litecoin and charge a 0% buyer fee.
FAQ – Frequently Asked Questions
What is Litecoin (LTC)?
Litecoin is a P2P cryptocurrency that utilizes blockchain for a distributed public ledge of its transactions. The founder of Litecoin calls Litecoin as the ‘silver’ to Bitcoin’s ‘gold’.
What are technology benefits of Litecoin?
- Cheaper and efficient transactions compared to Bitcoin
- Faster confirmation times
Is Litecoin legal in India?
RBI has issued stern warnings around the risks of trading cryptocurrency like Litecoin and Bitcoin. We recommend all crypto investors to be responsible while making crypto investments. Learn more about the legality of cryptocurrency in India
What documents are needed for eKYC?
- PAN Card & Aadhaar card
- Bank documents – Picture of Passbook (or) Canceled Cheque